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ITAT passed order rectifying typographic mistakes in its Original Order

February 18, 2022 897 Views 0 comment Print

Biocon Ltd. Vs ITO (ITAT Bangalore) Present Miscellaneous Petitions are filed by assessee seeking rectification of typographic mistakes in order dated 14.06.2021 passed by this Tribunal in the above referred appeals. We have perused the order passed by this Tribunal viz-a-viz the submissions advanced by both sides and the records placed before us. We note […]

Gujarat HC asks Custom Authorities to consider waiving Demurrage Charges in Lieu of Wear & Tear suf-fered by Importer

February 17, 2022 1800 Views 0 comment Print

Hazel Mercantile Ltd Vs Chief Commissioner Of Customs (Gujarat High Court) At this stage, Mr. Nankani made two fold fervent appeals. He made a request that the earlier bond, which was furnished by his client to the respondent No.1 should be returned as the writ applicant has now been asked to furnish a fresh bond. […]

NSE Releases New Digital Portal for filing of Information

February 17, 2022 3453 Views 0 comment Print

Release of New Digital Portal for filing of Information with the Exchange – for Equity Announcements & Disclosures under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Nimba Nature Cure Village not eligible for GST Exemption notification benefit

February 17, 2022 1776 Views 0 comment Print

In re Oswal Industries Ltd (GST AAAR Gujarat) The Advance Ruling No. GUJ/GAAR/R/25/2020 dated 09.07.2020 by holding that M/s. Oswal Industries Ltd. (M/s. Nimba Nature Cure Village) is not eligible to get the benefit of Sr. No. 74 of Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 and corresponding Notification No. 12/2017-State Tax (Rate) dated 30.06.2017 […]

Corrigendum to Master Circular for Depositories on Opening of demat account in case of HUF

February 17, 2022 1521 Views 0 comment Print

In the event of death of Karta of HUF, the name of the deceased Karta in the Beneficial Owner (BO) account shall be replaced by the new Karta appointed by the member of the HUF who in such a case shall be senior most member of the family

Draft National Policy for Micro, Small and Medium Enterprises in India

February 15, 2022 3480 Views 0 comment Print

The Micro, Small and Medium Enterprises (MSME) is a highly vibrant and dynamic sector of the Indian economy with over 6 crores units, providing employment to 11 crores+ people (just next to Agriculture), having 28% share of GDP and 40% of exports. Like other sectors, MSME also has been adversely affected in terms of productivity during COVD 19. Accordingly, the efficiency and productivity of MSME assume further significance to achieve overall objectives of economic development and a V shape recovery of Indian Economy.

SEBI makes Requirement of Separation of role of Chairperson and MD/CEO Voluntary

February 15, 2022 2580 Views 0 comment Print

One of the recommendations of the Committee related to the separation of role of Chairperson and MD/CEO of listed companies. The main rationale for the recommendation was that separation of powers of the Chairperson and MD/CEO may provide a better and more balanced governance structure by enabling more effective and objective supervision of the management.

Press release about ABG Shipyard issue by SBI

February 15, 2022 3390 Views 0 comment Print

ABG Shipyard was incorporated on 15 March 1985, has been banking arrangements since 2001. Financed under Consortium arrangement over a two dozen lenders. Leader in Consortium was ICICI Bank. Due to poor performance, account became NPA on 30/11/2013. Several efforts were made to revive the company operations but could not succeed. Account was restructured under […]

Food Safety and Standards (Import) First Amendment Regulations, 2022

February 14, 2022 1116 Views 0 comment Print

The articles of food or ingredients or additive imported by the manufacturers or processors for their captive use or production of value added products for hundred per cent exports; or the consignments of articles of food or ingredients or additives imported by the firms or companies for use of their sister concerns or wholly owned subsidiary companies, to be used for hundred per cent export production subject to a defined relationship agreement between the two entities in this behalf and accompanied with Sanitary/Health Certificate issued by the Competent Authority of an exporting country”

Trading features pertaining to the Electronic Gold Receipts (EGR) segment

February 14, 2022 1926 Views 0 comment Print

Trading in EGR segment shall be permitted from Monday to Friday. Stock exchanges can set their trading hours within the time limit of 9:00AM to 11:30PM / 11:55PM (as per US day light savings in Spring/ Fall Season).

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